Morningstar MORN
NASDAQ MORN
$198.09 -2.44 (-1.22%)
As of: Sep 9, 2026 · 3:59 PM EDT

Morningstar (MORN) EV to FCF (2009 - 2026)

Morningstar's (MORN) quarterly EV to FCF came in at 43.5 in Q2 2026, down 78.62% year-over-year from 203.51 in Q2 2025, and down 60.45% quarter-over-quarter from 110.01 in Q1 2026.

Analysis

Morningstar (MORN) EV to FCF (2009 - 2026) Analysis & Trends

Morningstar (MORN) has reported EV to FCF for 18 consecutive years, with 43.5 the latest figure, recorded in Q2 2026.

  • On a quarterly basis, EV to FCF fell 78.62% year-over-year to 43.5 in Q2 2026; TTM through Jun 2026 was 10.71, a 67.12% decrease from a year earlier, with the FY2025 full-year figure at 18.32, down 40.78% from the prior year.
  • EV to FCF was 43.5 for Q2 2026 at Morningstar, down from 110.01 in the prior quarter.
  • Over five years, EV to FCF peaked at 266.46 in Q2 2022 and troughed at 2475.1 in Q1 2022.
  • A 5-year average of 182.38 and a median of 105.56 in 2023 frame the typical range for EV to FCF.
  • The widest YoY moves for EV to FCF: up 172.13% in 2022, down 1212.75% in 2022.
  • Over 5 years, EV to FCF stood at 130.36 in 2022, then declined by 15.73% to 109.85 in 2023, then advanced by 12.06% to 123.1 in 2024, then slumped by 59.17% to 50.26 in 2025, then retreated by 13.45% to 43.5 in 2026.
  • The last three EV to FCF figures came in at 43.5 (Q2 2026), 110.01 (Q1 2026), and 50.26 (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 S&P Global 130.73 Bn 131.62 Bn 2.98 Bn
2 Moodys 85.51 Bn 84.15 Bn 1.67 Bn
3 Msci 41.67 Bn 41.32 Bn 717.10 Mn
4 Verisk Analytics 24.18 Bn 23.63 Bn 572.90 Mn
5 Factset Research Systems 10.80 Bn 10.50 Bn 310.73 Mn
6 Morningstar 7.86 Bn 7.33 Bn 423.90 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 43.50
Mar 31, 2026 110.01
Dec 31, 2025 50.26
Sep 30, 2025 56.94
Jun 30, 2025 203.51
Mar 31, 2025 207.24
Dec 31, 2024 123.10
Sep 30, 2024 83.98
Jun 30, 2024 101.28
Mar 31, 2024 214.66
Dec 31, 2023 109.85
Sep 30, 2023 95.05
Jun 30, 2023 -1,376.70
Mar 31, 2023 -1,353.07
Dec 31, 2022 130.36
Sep 30, 2022 125.89
Jun 30, 2022 266.46
Mar 31, 2022 -2,475.10
Dec 31, 2021 134.40
Sep 30, 2021 115.55